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The Shiba Inu burn rate has turned negative after a rather good week of momentum. This downturn in the burn rate is a deviation from the established trend this week and could have something to do with the decline in the SHIB price during this time.
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The Shiba Inu burn rate has witnessed a significant decline over the last day as the amount of tokens sent to the burn wallet dropped drastically.
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The Shiba Inu team has been carrying out burns over the last few months, leading to some of the largest burn figures in the history of the meme coin.
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The Shiba Inu burn rate has seen a rapid decline after a week of impressive activity. The number of SHIB tokens burned in the last day has fallen against the figure from the prior day, suggesting a decrease in participation when it comes to burning the meme coin.
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The Shiba Inu burn rate has flatlined over the last 24 hours as the burned tokens, as well as the number of burn transactions carried out during this time, dropped dramatically.
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Shiba Inu is still at the forefront of crypto investors’ minds, especially large investors, as shown by the notable rise in their activity over the last week.
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